44518 Cable Creek Dr · North Fort Myers, FL 33982

$374,999

4 bd · 2.5 ba · 2,168 sqft · SingleFamily · 462 Days on market

Built 2025 Est $408k · 8% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +11.1/15.0
• Cash flow +9.2/30.0
• Schools +4.6/10.0
• Livability +3.7/5.0
• Rent growth +3.5/5.0
• 1% rule +2.8/10.0
• DSCR +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +2.4/10.0

Listing remarks

First-floor primary suite ensures everyone has their own private space. Second floor offers a spacious loft that can be used to best fit your needs. Enjoy preparing meals in the open kitchen with spacious work island.

Key facts

• Spacious loft
• Open kitchen
• Spacious work island

Tags

• FIRST FLOOR PRIMARY SUITE
• SPACIOUS LOFT
• OPEN KITCHEN
• SPACIOUS WORK ISLAND

Property features AI

Finance

• Other: Address: 44518 Cable Creek Dr, Punta Gorda FL 33982; Listing status: Active; Last modified: 2026-05-21
• Financial info: List price $374,999

Exterior

• Parking: 2-car garage (2 total parking spaces)
• Home design: Single-family (spec) home — Ibis plan
• Exterior features: Living area approximately 2,168

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms and 1 half bathroom (2.5 total)
• Interior features: Spec-built Ibis plan

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $375k.

Deal economics

• At list price, monthly cash flow is $-282 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $334k (10.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $292k (22.0% below list).
• Recommended offer: $292k (22.0% below list) — sets the bar for 1% rule.
• Cap rate 5.4% vs local median 3.6% in North Fort Myers — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#269 in FL, #4,409 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, amenities F, commute F.
• Charlotte (suburban): math 54% / reading 54% proficiency, ranked #22 of 73 in FL (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.1%/yr); 1037 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 4,585 units permitted in Charlotte County in 2024 (703 in 5+ unit buildings).
• At $2,923/mo this rent would consume 48% of the median local household income ($72k/yr) (locally 43% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Charlotte County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 462 days — a 12% lower offer ($330k) is reasonable based on typical stale-listing flexibility.

Recommended offer $292,347 (22.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 462 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.78% ✗
• Cap rate: 5.39%
• Cash-on-cash: -3.22%
• DSCR: 0.86
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $407,584
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16444 Seven Lakes Ave	0.18mi	4/3.0	2,190 (+1%)	4mo	$372,000	$170	84
44567 Frontier Dr	0.05mi	3/2.5 (-1)	2,159 (-0%)	16mo	$479,000	$222	79
44373 Frontier Dr	0.26mi	4/2.5	2,190 (+1%)	12mo	$379,000	$173	76
16440 Marsh Ln	0.27mi	3/2.5 (-1)	2,174 (+0%)	12mo	$425,000	$195	72
44573 Frontier Dr	0.04mi	4/3.0	2,461 (+14%)	6mo	$440,000	$179	69
44391 Frontier Dr	0.23mi	4/2.0	1,908 (-12%)	3mo	$342,000	$179	65
44507 Frontier Dr	0.12mi	4/3.0	2,472 (+14%)	6mo	$437,000	$177	64
15918 Mulrion Blvd	0.58mi	4/3.5	2,320 (+7%)	10mo	$410,145	$177	49
16671 Expedition Ct	0.41mi	4/2.0	1,908 (-12%)	16mo	$358,580	$188	46
15820 Elina Sky Dr	0.65mi	4/3.0	1,977 (-9%)	14mo	$550,000	$278	41
44412 Kelly Dr	0.60mi	4/2.0	1,850 (-15%)	6mo	$430,000	$232	40
16035 Mulrion Blvd	0.54mi	4/3.0	1,895 (-13%)	16mo	$470,000	$248	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.13% rent growth · sell at horizon

5-year hold

• IRR: -20.4%
• Equity multiple: 0.28×
• Total profit: $-75,321
• Equity at exit: $55,914

10-year hold

• IRR: -11.2%
• Equity multiple: 0.29×
• Total profit: $-74,422
• Equity at exit: $32,423

Cash invested: $105,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33982

• Home prices YoY: -1.2%
• Rents YoY: 4.1%
• Active inventory: 1037
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $2,923 medium
• Mortgage (P&I): −$1,967
• Tax est. 1.5%: −$469 /mo · $5,625/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$614
• Net cashflow: $-282

Break-even live

Break-even rent $3,280

Max offer price $334,194

Occupancy floor —

Sensitivity live

Price	-10% $-23	-5% $-152	+0% $-282	+5% $-412	+10% $-541
Rent	-10% $-513	-5% $-397	+0% $-282	+5% $-167	+10% $-51
Rate	-1.0pp $-93	-0.5pp $-187	base $-282	+0.5pp $-379	+1.0pp $-478

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
44458 Diamond Trl Punta Gorda, FL	3.0	2.0	1484	$2,500	$1.68	21d	1	0.29mi
44229 Saddlewood Ct Punta Gorda, FL	4.0	2.0	1675	$2,350	$1.40	14d	1	0.43mi
44229 Saddlewood Ct Punta Gorda, FL	4.0	2.0	1675	$2,395	$1.43	21d	1	0.43mi
16922 Sage Ter Punta Gorda, FL	4.0	2.0	1580	$3,500	$2.22	21d	1	0.60mi
15977 Cranes Marsh Ct Punta Gorda, FL	3.0	3.0	2811	$12,000	$4.27	21d	1	0.92mi
15907 Sugar Hill Dr Unit 15907 Punta Gorda, FL	3.0	3.0	2247	$9,500	$4.23	21d	1	1.09mi
17710 Shade Tree Loop Punta Gorda, FL	4.0	2.0	1764	$3,000	$1.70	21d	1	1.15mi
15943 Grassland Ln #3912 Punta Gorda, FL	3.0	2.0	1741	$8,800	$5.05	21d	1	1.18mi
15919 Grassland Ln #4211 Punta Gorda, FL	3.0	2.0	1741	$8,800	$5.05	21d	1	1.23mi
43041 Greenway Blvd Punta Gorda, FL	2.0–3.0	2.0	1569	$7,500	$4.78	21d	3	1.27mi
15903 Grassland Ln #4411 Punta Gorda, FL	3.0	2.0	1741	$7,500	$4.31	21d	1	1.28mi
15194 Bluffton Ln #1422 Punta Gorda, FL	3.0	2.0	2110	$6,300	$2.99	14d	1	1.33mi
17339 Palmetto Pass Ln Punta Gorda, FL	3.0	3.0	2464	$5,000	$2.03	21d	1	1.33mi
15222 Jadestone Dr Punta Gorda, FL	3.0	3.0	2444	$3,400	$1.39	21d	1	1.34mi
15063 Longs Ln Punta Gorda, FL	3.0	3.5	2689	$11,000	$4.09	21d	1	1.34mi
43693 Tree Top Trl Punta Gorda, FL	3.0	3.0	1850	$11,000	$5.95	21d	1	1.37mi
15048 Pinehurst Ln Punta Gorda, FL	3.0	3.0	2247	$10,000	$4.45	21d	1	1.39mi
17604 Fallen Branch Way Punta Gorda, FL	4.0	3.0	2027	$2,700	$1.33	21d	1	1.40mi
15027 Longs Ln Punta Gorda, FL	3.0	3.0	2799	$11,000	$3.93	21d	1	1.42mi
15170 Bluffton Ln Unit 1821 Punta Gorda, FL	3.0	2.0	2110	$6,500	$3.08	14d	1	1.43mi
15158 Bluffton Ln #2022 Punta Gorda, FL	3.0	2.0	2200	$7,000	$3.18	21d	1	1.48mi
44076 Bellamy Pl Punta Gorda, FL	3.0	2.5	1879	$2,500	$1.33	21d	1	1.49mi

Listing history 14 events

1. 2026-06-18
   days on market $374,999 Active 462 DOM
2. 2026-06-17
   days on market $374,999 Active 461 DOM
3. 2026-06-16
   days on market $374,999 Active 460 DOM
4. 2026-06-15
   days on market $374,999 Active 459 DOM
5. 2026-06-14
   days on market $374,999 Active 457 DOM
6. 2026-06-13
   days on market $374,999 Active 456 DOM
7. 2026-06-10
   days on market $374,999 Active 454 DOM
8. 2026-06-09
   days on market $374,999 Active 453 DOM
9. 2026-06-08
   days on market $374,999 Active 452 DOM
10. 2026-06-05
    days on market $374,999 Active 448 DOM
11. 2026-06-02
    days on market $374,999 Active 446 DOM
12. 2026-06-01
    days on market $374,999 Active 445 DOM
13. 2026-05-31
    days on market $374,999 Active 444 DOM
14. 2026-05-30
    days on market $374,999 Active 443 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $35,082
• − Mortgage interest: −$21,006
• − Property taxes: −$5,625
• − Insurance: −$1,875
• − Repairs & maintenance: −$2,807
• − Management: −$2,807
• − Depreciation: −$10,909
• Taxable loss: −$9,946
• Est. tax savings @ 24.0%: +$2,387
• After-tax cash flow: $-997/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Charlotte
• NCES district ID: 1200240
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 54% ▼ -1.00%
• Median HH income: $44,864
• Composite: 45.62/100
• National rank: #2586
• State rank: #22 of 73 in FL

Livability — North Fort Myers

• Score: 74/100
• State rank: #269
• US rank: #4409

Category grades

Amenities F Commute F Cost of living A+ Crime C Employment C- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Charlotte County · 196,994 people
• City population: 57,035
• Metro: Punta Gorda, FL
• Population (ZIP): 13,006
• Household income: $72,443
• Rent vs Own: 11.2% rent · 88.8% own
• Severe rent burden: 43.0

Population outlook (Charlotte County) Hauer SSP2

• Today (2025): 198,646 people
• By 2030: 210,507 · +6.0%
• By 2040: 230,857 · +16.2%
• By 2050: 247,148 · +24.4%
• By 2075: 281,777 · +41.8%
• By 2100: 293,609 · +47.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Two or more races 8% Hispanic / Latino 7% Black 7%
• Hispanic origin (detail): Puerto Rican 2% Cuban 3%
• Common ancestry: Lithuanian 3% Iranian 3% Slovak 3%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 93% English-only · Spanish 5% German/W. Germanic 1% Arabic 1%

Political lean MEDSL · Charlotte

• 2024 margin: Solid R (+34.0) · D 32.7% · R 66.7%
• 2008→2024 swing: -26.7pp toward R · 2008: -7.2pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+26.6 2016: R+27.8 2012: R+14.3 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -5.25%
• Current HPI: 448.5895
• Rent YoY: ▲ 4.13%
• Metro: Punta Gorda, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B